Recent Business News

NEW YORK - Oil rebounded on Tuesday from the previous session's tumble, lifted by fighting that threatened Libya's oilfields, although U.S. crude struggled to hold to gains due to record crude inventories.

DETROIT - Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co , said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. | Video

BRUSSELS - The European Bank for Reconstruction and Development will launch a five-year program of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt.

LONDON - Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds ($1.2 billion) charge by the British bank provided fresh evidence of the costs of past misdemeanors by its traders. | Video